COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 31/12/2019 - Hit more than 3 month high, above 1530 for more upside
InvestorsDoctor
Publish date: Tue, 31 Dec 2019, 12:33 PM
InvestorsDoctor
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31/12/2019
*Gold Feb 20*
Previous Close: 1518.6 +0.5
Gold prices boosted by year end rally and selloff in US stock market & USD, to test 1530 level today.
Hourly chart formed higher highs & lows, more to bullish, but be cautious of RSI bearish divergence.
*Classic Support & Resistance*
Resistance: 1540 1550
Support: 1510 1500
*Recommend Trading Plan for the day:*
1. Buy 1527.4, stop 1526.1, profit 1528.7/1530/1531.3
2. Sell 1524, stop 1525.3, profit 1522.7/1521.4/1520.1
*Margin Requirement (per lot)*
USD 4950
Micro: USD 495
Disclaimer: For idea sharing only, trade at your own risk
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